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How important is a social media community in banking?

Abrigo

Much like the internet was once considered a fad, the same was said not so long ago about social media. The social network truly connects people. That’s slightly more active users than there are people in Indonesia, the world’s fourth most populous country (behind China, India and the United States).

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Deep Dive: Credit Unions Like And Subscribe To Social Media

PYMNTS

. Social media has become a cornerstone of everyday life over the last few decades, with 72 percent of Americans using social media today, a dramatic increase from the mere 5 percent that Pew Research Center first tracked in 2005. How credit unions leverage social media. million members and $106.1

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RILA On How United States Retailers Are Responding To Changing Privacy Rules

PYMNTS

California Consumer Privacy Act (CCPA), Washington Privacy Act (WPA) and other new privacy and online transaction standards are changing how businesses interact with consumers’ data in the U.S. Modern retail is not just a physical store thing or a mobile thing or an online thing. But, these [proposals] are not plucked from the ether.

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Facebook Announces eCommerce Initiative To Support Black-Owned Businesses

PYMNTS

To support Black-owned businesses and their communities, Facebook has introduced its #BuyBlack Friday event in the United States. Black-owned businesses have been hit especially hard by the pandemic, closing at twice the rate of other small businesses,” Facebook Chief Operating Officer Sheryl Sandberg said in the post.

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Prevent pig butchering scams: Safeguarding against investment fraud

Abrigo

Pig butchering scams originated in Southeast Asia and have escalated significantly in the United States. A scam usually begins with online contact via social media or dating apps. Educate customers and members: Provide educational opportunities for your community so they know when to say “no” to investment scams.

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TRENDING: How Credit Unions Give Digital The Personal Touch

PYMNTS

The total number of CUs in the United States has decreased by 177 year-over-year, though, a sign that CU mergers and consolidations have concentrated more members in a smaller number of CUs. Deep Dive: How CUs Leverage Social Media. CUs active on social media risk alienating customers with too-aggressive advertising.

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The Value of Data and 5 Things We’ve Learned From COVID-19

Perficient

First of all, big kudos to first responders such as doctors, nurses, police, front-end-shop staff, and mental health workers for keeping your communities running during these troubling times. At the same time, my heart felt condolences for anyone who has lost a loved ones during this time. Johns Hopkins Research Center.

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